Should I buy or sell Heritage Insurance stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Heritage Insurance in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" HRTG shares. View HRTG analyst ratings or view top-rated stocks .

What is Heritage Insurance's stock price target for 2024?

3 analysts have issued 1 year price targets for Heritage Insurance's shares. Their HRTG share price targets range from $6.00 to $9.00. On average, they expect the company's stock price to reach $7.33 in the next twelve months. This suggests a possible upside of 12.5% from the stock's current price. View analysts price targets for HRTG or view top-rated stocks among Wall Street analysts .

How have HRTG shares performed in 2023?

Heritage Insurance's stock was trading at $1.80 on January 1st, 2023. Since then, HRTG stock has increased by 262.2% and is now trading at $6.52. View the best growth stocks for 2023 here .

Are investors shorting Heritage Insurance?

Heritage Insurance saw a increase in short interest during the month of December. As of December 15th, there was short interest totaling 749,500 shares, an increase of 30.8% from the November 30th total of 573,100 shares. Based on an average daily trading volume, of 491,200 shares, the short-interest ratio is currently 1.5 days. Approximately 3.1% of the shares of the stock are short sold. View Heritage Insurance's Short Interest .

When is Heritage Insurance's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 7th 2024. View our HRTG earnings forecast .

How were Heritage Insurance's earnings last quarter?

Heritage Insurance Holdings, Inc. (NYSE:HRTG) posted its quarterly earnings results on Thursday, November, 2nd. The insurance provider reported ($0.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.01. The insurance provider earned $186.30 million during the quarter, compared to analysts' expectations of $176.11 million. Heritage Insurance had a net margin of 3.71% and a trailing twelve-month return on equity of 18.34%.

What other stocks do shareholders of Heritage Insurance own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Heritage Insurance investors own include United Insurance (UIHC) , HCI Group (HCI) , VEREIT (VER) , Huntington Bancshares (HBAN) , Pattern Energy Group (PEGI) , Universal Insurance (UVE) , Weyerhaeuser (WY) , Angi (ANGI) , Diplomat Pharmacy (DPLO) .

How do I buy shares of Heritage Insurance?

Shares of HRTG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:HRTG

Heritage Insurance (HRTG) Stock Price, News & Analysis

$6.52

-0.08 (-1.21%)

(As of 12/29/2023 ET)

Compare

Today's Range: $6.38
▼
$6.62
50-Day Range: $5.33
▼
$9.75
52-Week Range: $1.73
▼
$9.79

Volume: 514,369 shs
Average Volume: 600,454 shs
Market Capitalization: $254.41 million

P/E Ratio: 6.21
Dividend Yield: N/A
Price Target: $7.33

Heritage Insurance MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 12.5% Upside
$7.33 Price Target
Short Interest: Healthy
3.10% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.68
Upright™ Environmental Score
News Sentiment: -1.00
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
$299,993 Bought Last Quarter
Proj. Earnings Growth: 44.44%
From $0.99 to $1.43 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.22 out of 5 stars

Finance Sector

360th out of 867 stocks

Fire, Marine, & Casualty Insurance Industry

29th out of 51 stocks

2.3

Analyst's Opinion

Consensus Rating
Heritage Insurance has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $7.33, Heritage Insurance has a forecasted upside of 12.5% from its current price of $6.52.
Amount of Analyst Coverage
Heritage Insurance has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
3.10% of the float of Heritage Insurance has been sold short.
Short Interest Ratio / Days to Cover
Heritage Insurance has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Heritage Insurance has recently increased by 30.78%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Heritage Insurance does not currently pay a dividend.
Dividend Growth
Heritage Insurance does not have a long track record of dividend growth.

2.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Heritage Insurance has received a 24.79% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Basic home insurance services for individuals", "Life insurance services for individuals", "Passenger car insurance services for individuals", "Commercial general liability insurance", and "Worker's compensation insurance" products. See details.
Environmental Sustainability
The Environmental Impact score for Heritage Insurance is -0.68.

0.6

News and Social Media Coverage

News Sentiment
Heritage Insurance has a news sentiment score of -1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Heritage Insurance this week, compared to 1 article on an average week.
Search Interest
Only 5 people have searched for HRTG on MarketBeat in the last 30 days. This is a decrease of -38% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Heritage Insurance to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Heritage Insurance insiders have bought more of their company's stock than they have sold. Specifically, they have bought $299,993.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
11.90% of the stock of Heritage Insurance is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 31.51% of the stock of Heritage Insurance is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Heritage Insurance are expected to grow by 44.44% in the coming year, from $0.99 to $1.43 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Heritage Insurance is 6.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.03.
Price to Earnings Ratio vs. Sector
The P/E ratio of Heritage Insurance is 6.21, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 30.18.
Price to Book Value per Share Ratio
Heritage Insurance has a P/B Ratio of 1.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Heritage Insurance Stock (NYSE:HRTG)

Heritage Insurance Holdings, Inc., through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential property insurance for single-family homeowners and condominium owners; and rental property insurance in the states of Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Virginia; commercial residential insurance for properties in Florida, New Jersey, and New York; and licensed in the state of Pennsylvania, as well as personal residential and wind-only property insurance. It also provides restoration, emergency, and recovery services; property management, and reinsurance services. In addition, the company provides personal line policies through a network of retail independent agents, wholesale agents, and a partnership with a direct agency, as well as distribute indirectly to retail locations through wholesale agency relationships. Further, it offers personal and commercial insurance policies through a network of independent agencies. Heritage Insurance Holdings, Inc. was founded in 2012 and is headquartered in Tampa, Florida.

HRTG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

HRTG Stock News Headlines

December 19, 2023 | finance.yahoo.com

Heritage Announces Closing of Primary Public Offering of Shares of Common Stock and Concurrent Private Placement

December 17, 2023 | finance.yahoo.com

Heritage Insurance Holdings Inc CEO Ernie Garateix's Strategic Insider Buying

December 31, 2023 | MarketBeat Internal (Ad)

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December 16, 2023 | finance.yahoo.com

Director Paul Whiting's Strategic Purchase of Heritage Insurance Holdings Inc Shares

December 15, 2023 | bizjournals.com

Heritage Insurance plans $25 million capital raise

December 15, 2023 | finance.yahoo.com

Heritage Announces Pricing of Primary Offering of Shares of Common Stock

December 14, 2023 | finance.yahoo.com

Heritage Announces Launch of Primary Offering of Shares of Common Stock

November 27, 2023 | msn.com

Heritage Insurance Holdings (HRTG) Price Target Increased by 17.65% to 7.48

December 31, 2023 | Behind the Markets (Ad)

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November 27, 2023 | finance.yahoo.com

Heritage Insurance Holdings (NYSE:HRTG) shareholder returns have been fantastic, earning 421% in 1 year

November 9, 2023 | morningstar.com

Heritage Insurance Holdings Inc HRTG

November 6, 2023 | benzinga.com

Heritage Insurance Hldgs Stock (NYSE:HRTG), Analyst Ratings, Price Targets, Predictions

November 6, 2023 | finance.yahoo.com

Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?

November 5, 2023 | ca.investing.com

Heritage Insurance reports improved financial performance despite Q3 2023 losses

November 5, 2023 | finance.yahoo.com

Heritage Insurance Holdings, Inc. (NYSE:HRTG) Q3 2023 Earnings Call Transcript

November 3, 2023 | finance.yahoo.com

Q3 2023 Heritage Insurance Holdings Inc Earnings Call

November 3, 2023 | finanznachrichten.de

Heritage Insurance Holdings, Inc.: Heritage Reports Third Quarter 2023 Results

November 3, 2023 | finance.yahoo.com

Compared to Estimates, Heritage Insurance (HRTG) Q3 Earnings: A Look at Key Metrics

November 2, 2023 | finance.yahoo.com

Heritage Insurance Holdings Inc (HRTG) Reports Q3 2023 Results: Net Loss Decreases by 84.

November 2, 2023 | finance.yahoo.com

Heritage Reports Third Quarter 2023 Results

November 2, 2023 | finance.yahoo.com

Heritage Insurance Holdings Inc (HRTG) Reports Q3 2023 Results: Net Loss Decreases by 84. ...

October 26, 2023 | finance.yahoo.com

Heritage Insurance (HRTG) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

October 20, 2023 | finance.yahoo.com

Heritage Announces Third Quarter 2023 Earnings Dates

October 16, 2023 | finance.yahoo.com

Retail investors account for 35% of Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) ownership, while institutions account for 33%

October 6, 2023 | finance.yahoo.com

Heritage Insurance (HRTG) Is Up 29.28% in One Week: What You Should Know

October 5, 2023 | bizjournals.com

Tampa's Heritage Insurance records $40M loss from Maui wildfires, Hurricane Idalia

October 5, 2023 | msn.com

Heritage Insurance estimates Q3 catastrophe losses of $40M

See More Headlines

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Company Calendar

Last Earnings: 11/02/2023
Today: 12/31/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 3/07/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Fire, marine, & casualty insurance
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:HRTG
CUSIP: N/A
CIK: 1598665
Web: www.heritagepci.com
Phone: (727) 362-7202
Fax: N/A
Employees: 612
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $7.33
High Stock Price Target: $9.00
Low Stock Price Target: $6.00
Potential Upside/Downside: +12.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.05
Trailing P/E Ratio: 6.21
Forward P/E Ratio: 6.59
P/E Growth: N/A
Net Income: $-154,360,000.00
Net Margins: 3.71%
Pretax Margin: 4.24%
Return on Equity: 18.34%
Return on Assets: 1.18%

Debt

Debt-to-Equity Ratio: 0.81
Current Ratio: 0.72
Quick Ratio: 0.72

Sales & Book Value

Annual Sales: $662.46 million
Price / Sales: 0.38
Cash Flow: $1.58 per share
Price / Cash Flow: 4.13
Book Value: $5.06 per share
Price / Book: 1.29

Miscellaneous

Outstanding Shares: 39,020,000
Free Float: 34,373,000
Market Cap: $254.41 million
Optionable: Optionable
Beta: 0.84

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Key Executives

Mr. Ernesto Jose Garateix CPCU (Age 51)
CEO & Director
Comp: $1.37M
Mr. Kirk Howard Lusk (Age 62)
Chief Financial Officer
Comp: $1.09M
Mr. Timothy Michael Moura (Age 50)
President of Narragansett Bay Insurance Company
Comp: $999.54k
Ms. Sharon Ann Binnun (Age 61)
Chief Accounting Officer
Comp: $588.61k
Mr. Joseph Rene Peiso (Age 64)
Vice President of Compliance
Mr. Timothy E. Johns (Age 66)
President of Zephyr Insurance Company
Comp: $454.44k
Mr. Stephen Lowell Rohde (Age 72)
Advisory
Comp: $959.41k

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

HRTG Stock Analysis - Frequently Asked Questions

Should I buy or sell Heritage Insurance stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Heritage Insurance in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" HRTG shares.
View HRTG analyst ratings or view top-rated stocks.
What is Heritage Insurance's stock price target for 2024?: 3 analysts have issued 1 year price targets for Heritage Insurance's shares. Their HRTG share price targets range from $6.00 to $9.00. On average, they expect the company's stock price to reach $7.33 in the next twelve months. This suggests a possible upside of 12.5% from the stock's current price.
View analysts price targets for HRTG or view top-rated stocks among Wall Street analysts.
How have HRTG shares performed in 2023?: Heritage Insurance's stock was trading at $1.80 on January 1st, 2023. Since then, HRTG stock has increased by 262.2% and is now trading at $6.52.
View the best growth stocks for 2023 here.
Are investors shorting Heritage Insurance?: Heritage Insurance saw a increase in short interest during the month of December. As of December 15th, there was short interest totaling 749,500 shares, an increase of 30.8% from the November 30th total of 573,100 shares. Based on an average daily trading volume, of 491,200 shares, the short-interest ratio is currently 1.5 days. Approximately 3.1% of the shares of the stock are short sold.
View Heritage Insurance's Short Interest.

When is Heritage Insurance's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, March 7th 2024.
View our HRTG earnings forecast.
How were Heritage Insurance's earnings last quarter?: Heritage Insurance Holdings, Inc. (NYSE:HRTG) posted its quarterly earnings results on Thursday, November, 2nd. The insurance provider reported ($0.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.01. The insurance provider earned $186.30 million during the quarter, compared to analysts' expectations of $176.11 million. Heritage Insurance had a net margin of 3.71% and a trailing twelve-month return on equity of 18.34%.
What other stocks do shareholders of Heritage Insurance own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Heritage Insurance investors own include United Insurance (UIHC), HCI Group (HCI), VEREIT (VER), Huntington Bancshares (HBAN), Pattern Energy Group (PEGI), Universal Insurance (UVE), Weyerhaeuser (WY), Angi (ANGI), Diplomat Pharmacy (DPLO).
How do I buy shares of Heritage Insurance?: Shares of HRTG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:HRTG) was last updated on 12/31/2023 by MarketBeat.com Staff

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Heritage Insurance (HRTG) Stock Price, News & Analysis

Heritage Insurance MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Heritage Insurance Stock (NYSE:HRTG)

HRTG Stock Price History

HRTG Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

HRTG Stock Analysis - Frequently Asked Questions

Overall MarketRank^™